Solve the percent problem.
-Midtown Antiques collects $6 \%$ sales tax on all sales. If total sales including tax are $\$ 1754.33$, find the portion that is the tax. Round your answer to the nearest cent.
A) $\$ 105.26$
B) $\$ 1655.03$
C) $\$ 99.30$
D) $\$ 89.30$

Question

Quizplus · Accepted Answer

The total amount including tax is represented as 106% of the original price (100% original + 6% tax). To find the tax portion, we first find the original price by dividing the total by 1.06. Then, we calculate 6% of this original price to find the tax. $ \$1754.33 / 1.06 = \$1655.03 $ as the original price. The tax is $ \$1754.33 - \$1655.03 = \$99.30 $.

Solve the Percent Problem 6%6 \%6% Sales Tax on All Sales $1754.33\$ 1754.33$1754.33

Solve the Percent Problem $6 \%$ Sales Tax on All Sales $\$ 1754.33$